Accountants Holland Park

Inheritance Tax Relief When Property Prices Go Down

Posted by on July 27, 2012 at 10:00 am

Selling a house on someone else’s behalf in a shrinking market can lead you to a huge inheritance tax bill. But what are the options available for you to reduce the inheritance tax payable?

Budget 2012; What Does it Mean to You

Posted by on March 22, 2012 at 12:32 pm

For individuals The income tax personal allowance is set to rise again, not just as scheduled in April 2012, but next year too. It will go up further in April 2013 to £9025.00. This is a step forward towards raising it up to £10000.00. On the otherhand, the 50p tax rate is to be brought […]

Budget 2012; Key Points at a Glance

Posted by on March 22, 2012 at 12:29 pm

Income tax Personal allowance to be raised up to £9,205 from April 2013; this is a move according to the government that will make 24 million people £220 a year better off. But 300,000 more people will be drawn into the higher rate – 40% – tax band from 2013/14 as the threshold is brought […]

Tax Return Tips and Advice

Posted by on December 23, 2011 at 5:31 pm

Deadline for filing your tax return For individuals in the UK, the deadline for filing your paper tax return is 31 October each year.  For online filing of tax returns the deadline is 31 January each year. If you happen to file you paper tax return after 31 October or your online tax return after […]

Online Access to Tax Records for Every Tax Payer

Posted by on November 17, 2011 at 5:55 pm

The government is suggesting that every taxpayer should be given online access to their personal tax records. This is a recommendation outlined by the public consultation on making the tax system easier to understand. The other steps outlined include pre filled tax returns to people in the tax return system. All taxpayers will be sent […]

Tax Evaders to Face Fresh Crackdown

Posted by on November 9, 2011 at 6:10 pm

People who own foreign properties and have evaded tax all this time will come under the microscope by the UK tax authorities. People with between £2.5m and £20m in wealth and homes abroad will be the first to be targeted by a recently established unit of tax inspectors. HM Revenue & Customs (HMRC) expresses hope […]

Rental Accounting in Practice; Appraising Properties based on Ratio Analysis

Posted by on April 6, 2011 at 7:48 am

When it comes to real estate, ratios show year to year or month to month projection of rental accounts analysis, and it enables them to realise if for example properties which are rented are valuable against the money they have invested in the property, are the money received from rental properties able to recover the […]